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2020-12-31-accounts

Page
Reference and Administrative
Details ofthe P. C. C., its Membership
and Advisers
Parochial
Church
Council's
Report
2-5
Independent
Examiner's
Report
6-7
Statement
of Financial
Activities
Balance Sheet
Notes to the Financial Statements 10-32

Parochial Church Rev. P. A. Davison, Rector
Council
Rev. R. Magrath,
Clergy
G. Lyall, Churchwarden
N. Upton, Churchwarden
C. Disbrey, Reader
N. Wildish, Reader
O. Makanjuola,
Reader
P. Bagster, Deanery Synod
J.Larkin, Deanery
Synod (Retired
18October 2020)
M. Sellis, Elected member (Retired 18October 2020)
B.Crosbie, Elected member
S. Martin, Elected member
O. Mba, Elected member
G. Vendy, Elected member
E.Abel, Elected member
J. Davey, Elected member
E. Hammond,
Elected member
P. Boustred, Elected member
C. Fletcher, Elected member
W. Greenwood,
Elected member
(Retired 18October 2020)
I. Lyall, Elected member (Elected 18October 2020)
J.Trevelyan,
Elected member (Elected 18October 2020)
J.P. Nettleton,
Co-opted
H. Bevan, Co-opted
Charity registered
number 1131595
Principal office The Parish Office
26 Hendon
Lane
Finchley
London
N3 1TR
Secretary B.Crosbie

FOR THE YEAR EN DED 31 DECEM BER 2020
Unrestricted Restricted Total Total
funds funds funds funds
2020 2020 2020 2019
Note E E F
Income from:
Donations
and legacies
143,347 15,294 158,641 282,713
Charitable
activities
1,085 1,085 14,080
Other trading
activities
35,721 35,721 81,910
Investments 2,553 2,553 4,357
Total income 182,706 15,294 198,000 383,060
Expenditure
on:
Raising funds 26,253 51 26,304 43,605
Charitable
activities
10 150,854 11,446 162,300 271,129
Total expenditure 177,107 11,497 188,604 314,734
Net Income before net gains on
investments
5,599 3,797 9,396 68,326
Net gains on investments 5,615 5,615 12,657
Net income 11,214 3,797 15,011 80,983
Transfers
between
funds 20 (316) 316
Net movement
in funds
10,898 4,113 15,011 80,983
Reconciliation
offunds:
Total funds brought forward 245,326 206,325 451,651 370,668
Net movement
in funds
10,898 4,113 15,011 80,983
Total funds carried forward 256,224 210,438 466,662 451,651
AS AT 31 DECEMB ER 2020
2020 2019
Note
Fixed assets
Tangible assets 100,000 100,000
Investments 98,919 93,304
198,919 193,304
Current assets
Debtors 17 15,228 24,082
Cash at bank and in hand 259,081 249,907
274,309 273,989
Creditors: amounts falling due within
one year 16 (6,566) (13,002)
Net current assets 267,743 260,987
Total assets less current liabilities 466,662 454,291
Creditors: amounts falling due after
more than one year 19 (2,640)
Net assets excluding pension asset 466,662 451,651
Total net assets 466,662 451,651
Charity funds
Restricted
funds
20 210,438 206,325
Unrestricted
funds
Designated
funds
20 216,000 211,960
General funds 20 40,224 33,366
Total unrestricted funds 20 256,224 245,326
Total funds 466,662 451,651

Unrestricted Restricted Total
funds funds funds
2020f 2020
f.
2020f
Donations 134,051 8,854 142,905
Legacies
Grants 5,042 6,440 11,482
Government grants 4,254 4,254
143,347 15,294 158,641
Unrestricted Restricted Total
funds funds funds
2019f 2019f 2019
Donations 167,169 23,205 190,374
Legacies 5,030 5,030
Grants 4,000 83,309 87,309
176,199 106,514 282,713

Unrestricted Total
funds funds
2020
f
2020
F
Income from charitable activities - The provision of public worship 1,085 1,085
Unrestricted Restricted Total
funds funds funds
2019 2019 2019
f f
Income from charitable activities - The provision of
public worship 5,338 8,742 14,080

Unrestricted Total
funds funds
2020
F
2020f
Hall letting fees 35,721 35,721
Unrestncted Total
funds funds
2019f 2019f
Hall letting fees 81,910 81,910

Unrestricted Total
funds funds
2020
F
2020f
Income from local listed investments 2,499 2,499
Investment income - local cash 54
2,553 2,553
Unrestricted Total
funds funds
2019
F
2019f
Investment income - local investment properties 1,770 1,770
Income from local listed investments 2,476 2,476
Investment income - local cash 111 111
4,357 4,357

Restricted Total
funds funds
2020 2020
f f
51 51

Unrestricted Restricted Total
funds funds funds
2019f 2019 2019
6
Cost of Christmas cards 510 510
28 Hendon Lane letting expenses 245 245
Roof Fund - event expenses 219 219
755 219 974

Unrestricted Total
funds funds
2020 2020
6 F
Hall letting expenses 19,553 19,553
Wages and salaries recharged to hall 6,700 6,700
Total 2020 26,253 26,253
Unrestricted Total
funds funds
2019f 2019
F
Hall letting expenses 32,631 32,631
Wages and salaries recharged to hall 10,000 10,000
Total 2019 42,631 42,631

Grants to Total
Institutions funds
2020
E
2020f
Grants, The provision of public worship 15,619 15,619
Grants to Total
Institutions funds
2019 2019f
Grants, The provision of public worship 14,567 14,567

Unrestricted Restricted Total
funds funds funds
2020 2020 2020
F F E
Special collections:-
Good Gifts 2019-Homeless Action in Barnet 1,749 1,749
Christmas 2019- Hands up Foundation 968 968
Christmas
2019-Noah's
Ark Children's Hospice 968 968
Children's
Society
425 425
Peter Bell memorial service- National Autistic Society 333 333
Peter Bell memorial service- St. Francis at the Engine
Room 395 395
Lent lunch- Churches Together in Finchley 103 103
Confirmation-
Bishop of Edmonton's
Discretionary
Fund 119 119
Lent project- St Francis at the Engine Room 272 272
All Souls 2019-Third Hope 26 26
Housing
Justice
28 28
Remembrance
2019- Royal
British Legion 82 82
Mission Allocation:-
USPG 1,000 1,000
Barnet Refugee Service 1,000 1,000
Limapela
Foundation
1,000 1,000
Five Talents 1,000 1,000
Barnet Mencap 1,000 1,000
Spurgeons 500 500
Noah's
Ark Children's
Hospice 1,000 1,000
Embrace the Middle East 1,000 1,000
Children's
Society
1,000 1,000
Citizens' Advice 1,000 1,000
Together
in Barnet
500 500
Other:-
St. Man/s
School
151 151
Total 2020 10,151 5,468 15,619

FOR THE YEAR ENDED 31 D E CEMBER 202 0
Unrestricted Restricted Total
funds funds funds
2019
f.
2019f 2019f
Special collections
Good Gifts 2018-St. Francis at the Engine Room 1,769 1,769
Christmas 2018-Barnet Mencap 849 849
Christmas
2018- North
London Hospice 849 849
Christmas
2018- Iraqi
Christians in Need 849 849
Christian
Aid Week
383 383
Lent lunch- Churches Together in Finchley 100 100
The Children's
Society
671 671
All Souls- Third Hope 177 177
Homeless
Sunday-
Housing
Justice
237 237
Remembrance
Sunday-
Royal British Legion 528 528
Mission Allocation
USPG 1,000 1,000
Barnet Refugee Service 1,000 1,000
North London Hospice 1,000 1,000
Limapela
Foundation
1,000 1,000
Livability 500 500
Five Talents 1,000 1,000
SPCK 1,000 1,000
Barnet Mencap 1,000 1,000
Spurgeons 500 500
Other
St. Mary's School 155 155
Total 2019 8,155 6,412 14,567
10. Analysis
ofexpenditure
on charitable activities
Summary
by fund type
Unrestricted Restricted Total
funds funds funds
2020 2020f 2020
The provision
of public
worship 150,854 11,446 162,300

Summary by fund type ( continued)
Unrestricted Restricted Total
funds funds funds
2019
E
2019
F
2019f
The provision of public worship 173,711 97,418 271,129
Summary by expenditure type
Total
Staff costs Other costs funds
2020 2020 2020
E F
The provision of public worship 7,874 154,426 162,300
Total
Staff costs Other costs funds
2019
8
2019
E
2019f
The provision of public worship 4,705 266,424 271,129
Total
Staff costs Other costs funds
2019
8
2019
E
2019f
4,705 266,424 271,129
Activities Grant
undertaken funding
of
Total
directly activities funds
2020
E
2020 2020f
The provision of public worship 146,681 15,619 162,300
Activities Grant
undertaken funding
of
Total
directly activities funds
2019f 2019 2019f
The provision of public worship 256,562 14,567 271,129

Unrestricted Restricted Total
funds funds funds
2020 2020 2020
E 8 F
General expenditure:-
Wages and salaries 7,708 7,708
Pension
contributions
166 166
London Diocesan Common Fund 89,440 89,440
Clergy expenses 2,127 2,127
28 Hendon
Lane expenditure
597 597
Organists
and Choirmaster
9,140 9,140
Organ scholarships 490 490
Repairs and renewals 6,381 6,381
Cleaning 1,672 1,672
Insurance 5,781 5,781
Gas and electricity 2,619 2,619
Water rates 166 166
Telephone 719 719
Music and choir expenses 939 939
Organ tuning 349 50 399
Service costs 903 903
Printing
and stationery
1,733 1,733
Photocopier
leasing costs
888 888
Church flowers 533 533
General expenses 716 716
Subscriptions 520 520
Designated
fund expenditure;-
Asbestos Survey 100 100
New altar 6,168 6,168
Rectory alarms
and security
445 445
Rectory water rates 403 403
Restricted
fund expenditure:-
Roof 2,659 2,659
Cartwight
memorial
1,848 1,848
Bell ropes 1,360 1,360
Children's
work resources
61 61
Total 2020 140,703 5,978 146,681

Unrestricted Restricted Total
funds funds funds
2019f 2019
F
2019f
General expenditure:-
Wages and salaries 4,550 4,550
Pension
contributions
155 155
London Diocesan Common Fund 86,920 86,920
Clergy expenses 2,984 2,984
28 Hendon
Lane expenditure
1,105 1,105
Organists
and Choirmaster
9,305 9,305
Organ scholarships 720 720
Repairs and renewals 9,426 9,426
Cleaning 4,560 4,560
Insurance 5,495 5,495
Gas and electricity 3,179 3,179
Water rates 81 81
Telephone 743 743
Music and choir expenses 769 273 1,042
Organ tuning 823 237 1,060
Service costs 1,760 1,760
Printing
and stationery
2,523 2,523
Photocopier
leasing costs
888 888
Church flowers 800 800
Junior church 42 42
Social committee 430 430
General expenses 2,505 2,505
Subscriptions 150 150
Designated
fund expenditure:-
Church electrical works 5,391 5,391
Sound system 5,765 5,765
Asbestos
survey
500 500
Clock regilding 4,822 4,822
28 Hendon
Lane refurbishment
5,729 5,729
Rectory alarms
and security
1,348 1,348
Rectory repairs and decorating 1,920 1,920
Rectory water rates 408 408
Restricted
fund expenditure:-
Night shelter 459 459
Youth choir 87 87
Roof 6,000 6,000
Green and fair 44 44
Cartwright
memorial
83,666 83,666

NOTES TO THE FINANCIAL NOTES TO THE FINANCIAL NOTES TO THE FINANCIAL STATEMENTS STATEMENTS STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Concert recharges (240) 240
Total 2019 165,556 91,006 256,562
13. Staff costs
2020 2019
E
Wages and salaries 14,408 14,550
Contribution to defined contribution pension schemes 166 155
14,574 14,705
The average number of persons employed by the P. C. C. during the year was as follows:
2020 2019
No. No.
Administration
Children's
worker
Freehold
property
F
Cost or valuation
At 1 January 2020 100,000
At 31 December 2020 100,000

NOTES TO THE FINANCIAL NOTES TO THE FINANCIAL STATEIVIENTS
FOR THE YEAR ENDED 31DECEIIBER2020
15. Tangible
fixed assets
(continued)
Freehold
propertyf
Net book value
At 31 December 2020 100,000
At 31 December 2019 100,000
16. Fixed asset investments
Listed
investmentsf
Cost or valuation
At 1 January 2020 93,304
Revaluations 5,615
At 31 December 2020 98,919
Net book value
At 31 December 2020 98,919
At 31 December 2019 93,304
17. Debtors
2020 2019
Due within one year
Other debtors 10,625 23,187
Prepayments
and accrued income
4,603 895
15,228 24,082
18. Creditors: Amounts
falling due within one year
2020 2019f
Other taxation and social security 68 190

Creditors: Amounts
fal
ling due within one year (conti nued)
2020 2019
Other creditors 3,582 4,285
Accruals
and deferred
income 2,142 7,753
Grants accrued - institutional 774 774
6,566 13,002

2020 2019
E
2,640

Statement
offunds - current year
Balance at
Balance at 1 31
January Transfers Gains/ December
2020 Income Expenditure in/out (Losses) 2020
E E F E
Unrestricted
funds
Designated funds
Fabric fund 45,046 (100) 2,000 46,946
Bequests 5,126 1,042 (6,168)
Hall repairs
reserve 35,500 35,500
Clergy
accommodation
fund 99,375 2,499 (848) 5,615 106,641
Church
enhancement
reserve 26,913 26,913
211,960 3,541 (7,116) 2,000 5,615 216,000
General funds
Church account 33,366 179,165 (169,991) (2,316) 40,224
Total Unrestricted
funds 245,326 182,706 (177,107) (316) 5,615 256,224
Restricted funds
Special
collections 4,249 9,734 (6,298) 7,685
Night shelter 8 8
Hall buildings
reserve 100,000 100,000
Organ fund 50 (50)
Youth choir 1,285 1,285
Roof fund 96,346 4,227 (2,710) 97,863
Music and choir
fund 200 113 313
Piano fund 721 721
Green and fair 240 240
Cartwright
memorial 824 2,000 (1,848) 976

Balance at
Balance at 1 31
January Transfers Gains/ December
2020 Income Expenditure in/out (Losses) 2020
E E F E 6
Bells fund 1,044 (1,360) 316
Youth work
resources 1,408 (61) 1,347
206,325 16,124 (12,327) 316 210,438
Total offunds 451,651 198,830 (189,434) 5,615 466,662

Statement offunds - prior year
Balance at
Balance at 31
1 January Transfers Gains/ December
2019f Income
E
Expenditure
F
in/out
E
(Losses)
E
2019
Unrestricted
funds
Designated funds
Fabric fund 45,141 1,770 (11,865) 10,000 45,046
Bequests 96 5,030 5,126
Hall repairs
reserve 35,500 35,500
Clergy
accommodation
fund 87,918 2,476 (3,676) 12,657 99,375
Church
enhancement
reserve 37,500 (10,587) 26,913
168,655 46,776 (26,128) 10,000 12,657 211,960
General funds
Church account 30,807 221,028 (190,969) (27,500) 33,366
Total Unrestricted
funds 199,462 267,804 (217,097) (17,500) 12,657 245,326
Restricted funds
Special
collections 4,056 6,605 (6,412) 4,249
Night shelter 432 35 (459) 8
Hall buildings
reserve 100,000 100,000
Organ fund 237 (237)
Youth choir 1,277 95 (87) 1,285
Roof fund 64,112 21,193 (6,459) 17,500 96,346
Music and choir
fund 473 (273) 200
Piano fund 721 721
Green and fair 193 91 (44) 240

Statement offun ds - prior year ( continued)
Balance at
Balance at 31
1 January Transfers Gains/ December
2019f Income
f
Expenditure f in/outf (Losses) 2019
F
Cartwright
memorial 415 84,075 (83,666) 824
Bells fund 1,044 1,044
Children's work
resources 1,408 1,408
171,206 115,256 (97,637) 17,500 206,325
Total of funds 370,668 383,060 (314,734) 12,657 451,651
Summary
offun
ds - current yea r
Balance at
Balance at 1 31
January Transfers Gains/ December
2020f Income
F
Expenditure
F
in/out
F
(Losses)f 2020
F
Designated
funds 211,960 3,541 (7,116) 2,000 5,615 216,000
General funds 33,366 179,165 (169,991) (2,316) 40,224
Restricted
funds 206,325 16,124 (12,327) 316 210,438
451,651 198,830 (189,434) 5,615 466,662

Summary
of fun
ds - prior year
Balance at
Balance at 31
1 January Transfers Gains/ December
2019
E
Income
F
Expenditure
E
in/out
6
(Losses) 2019f
Designated
funds 168,655 46,776 (26,128) 10,000 12,657 211,960
General funds 30,807 221,028 (190,969) (27,500) 33,366
Restricted
funds 171,206 115,256 (97,637) 17,500 206,325
370,668 383,060 (314,734) 12,657 451,651

Analysis of net assets between
funds - curr
ent
period
Unrestricted Restricted Total
funds funds funds
2020 2020 2020
F F F
Tangible fixed assets 100,000 100,000
Fixed asset investments 98,919 98,919
Current assets 163,097 111,212 274,309
Creditors due within one year (5,792) (774) (6,566)
Total 256,224 210,438 466,662
Analysis of net assets between
funds - prior pe
riod
Unrestricted Restricted Total
funds funds funds
2019 2019 2019
F F. E
Tangible fixed assets 100,000 100,000
Fixed asset investments 93,304 93,304
Current assets 166,890 107,099 273,989
Creditors due within one year (12,228) (774) (13,002)
Creditors due in more than one year (2,640) (2,640)
Total 245,326 206,325 451,651